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A resolution condemning President Trump's pardoning of Binance founder Changpeng Zhao, who had violated United States anti-money laundering laws, and calling for Congress to use its authority to stop this form of corruption.

USA119th CongressSRES-466| Senate 
| Updated: 10/23/2025
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (14)
Mazie K. Hirono (Democratic)Angela D. Alsobrooks (Democratic)Ruben Gallego (Democratic)Adam B. Schiff (Democratic)Catherine Cortez Masto (Democratic)Lisa Blunt Rochester (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)John W. Hickenlooper (Democratic)Christopher Murphy (Democratic)Andy Kim (Democratic)Jeff Merkley (Democratic)Elissa Slotkin (Democratic)Richard Blumenthal (Democratic)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This resolution strongly condemns President Trump's pardon of Changpeng Zhao , the founder of Binance, who pleaded guilty to willfully failing to maintain an effective anti-money laundering program. Binance itself faced significant penalties, paying over $4.3 billion for allowing funds to flow to terrorists and other criminals, with Zhao subsequently sentenced to prison. The resolution notes that the pardon followed reports of negotiations for President Trump's family to acquire a stake in Binance's U.S. arm, where Zhao remains the largest shareholder. It also highlights a significant cryptocurrency transaction involving a Trump family-issued stablecoin shortly before the pardon, which reportedly caused the family's cryptocurrency company value to spike. Ultimately, the Senate resolves to unequivocally denounce this pardon and urges Congress to employ its authority to prevent what it characterizes as this form of corruption.
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Timeline
Oct 23, 2025
Introduced in Senate
Oct 23, 2025
Referred to the Committee on the Judiciary.
Oct 23, 2025
Referred to the Committee on the Judiciary. (text: CR S7733)
  • October 23, 2025
    Introduced in Senate


  • October 23, 2025
    Referred to the Committee on the Judiciary.


  • October 23, 2025
    Referred to the Committee on the Judiciary. (text: CR S7733)

Crime and Law Enforcement

A resolution condemning President Trump's pardoning of Binance founder Changpeng Zhao, who had violated United States anti-money laundering laws, and calling for Congress to use its authority to stop this form of corruption.

USA119th CongressSRES-466| Senate 
| Updated: 10/23/2025
This resolution strongly condemns President Trump's pardon of Changpeng Zhao , the founder of Binance, who pleaded guilty to willfully failing to maintain an effective anti-money laundering program. Binance itself faced significant penalties, paying over $4.3 billion for allowing funds to flow to terrorists and other criminals, with Zhao subsequently sentenced to prison. The resolution notes that the pardon followed reports of negotiations for President Trump's family to acquire a stake in Binance's U.S. arm, where Zhao remains the largest shareholder. It also highlights a significant cryptocurrency transaction involving a Trump family-issued stablecoin shortly before the pardon, which reportedly caused the family's cryptocurrency company value to spike. Ultimately, the Senate resolves to unequivocally denounce this pardon and urges Congress to employ its authority to prevent what it characterizes as this form of corruption.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 23, 2025
Introduced in Senate
Oct 23, 2025
Referred to the Committee on the Judiciary.
Oct 23, 2025
Referred to the Committee on the Judiciary. (text: CR S7733)
  • October 23, 2025
    Introduced in Senate


  • October 23, 2025
    Referred to the Committee on the Judiciary.


  • October 23, 2025
    Referred to the Committee on the Judiciary. (text: CR S7733)
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (14)
Mazie K. Hirono (Democratic)Angela D. Alsobrooks (Democratic)Ruben Gallego (Democratic)Adam B. Schiff (Democratic)Catherine Cortez Masto (Democratic)Lisa Blunt Rochester (Democratic)Jack Reed (Democratic)Kirsten E. Gillibrand (Democratic)John W. Hickenlooper (Democratic)Christopher Murphy (Democratic)Andy Kim (Democratic)Jeff Merkley (Democratic)Elissa Slotkin (Democratic)Richard Blumenthal (Democratic)

Judiciary Committee

Crime and Law Enforcement

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted